NGL Energy Partners LP Announces the Completion of the Sale of its
50% Interest in Glass Mountain Pipeline, LLC

December 26, 2017 06:20 AM Eastern Time

TULSA, Okla.--(EON: Enhanced Online News)--NGL Energy Partners LP (NYSE:NGL) today announced that it has closed the
sale of its 50% interest in Glass Mountain Pipeline, LLC (“Glass
Mountain” or “GMP”) to a fund managed by BlackRock Real Assets in
partnership with Navigator Energy Services for total gross consideration
of $300 million. NGL intends to use the cash proceeds to repay a portion
of its outstanding indebtedness prior to December 31, 2017.

“The closing of the Glass Mountain sale prior to end of the quarter will
allow us to reduce our indebtedness and improve our leverage for our
fiscal third quarter financials. We are continuing to focus on
strengthening our balance sheet through the reduction of leverage and
improving our liquidity, credit profile and distribution coverage as we
move the Partnership forward,” stated Trey Karlovich, Executive Vice
President and Chief Financial Officer of NGL.

Deutsche Bank Securities Inc. served as exclusive financial advisor to
NGL. McGrath North served as NGL’s legal counsel.

Certain matters contained in this Press Release include "forward-looking
statements." All statements, other than statements of historical fact,
included in this Press Release may constitute forward-looking
statements. Although we believe that the expectations reflected in these
forward-looking statements are reasonable, we cannot assure you that
these expectations will prove to be correct. These forward-looking
statements are subject to certain known and unknown risks and
uncertainties, as well as assumptions that could cause actual results to
differ materially from those reflected in these forward-looking
statements. Factors that might cause actual results to differ include,
but are not limited to, the risk factors discussed from time to time in
each of our documents and reports filed with the SEC.

Readers are cautioned not to place undue reliance on any forward-looking
statements contained in this Press Release, which reflect management's
opinions only as of the date hereof. Except as required by law, we
undertake no obligation to revise or publicly release the results of any
revision to any forward-looking statements.

About NGL Energy Partners LP

NGL Energy Partners LP is a Delaware limited partnership. NGL owns and
operates a vertically integrated energy business with five primary
businesses: water solutions, crude oil logistics, NGL logistics, refined
products/renewables and retail propane. For further information, visit
the Partnership's website at www.nglenergypartners.com.